Director/PDMR Shareholding

RNS Number : 8729M

Gear4music (Holdings) PLC

18 October 2016

 

Gear4music (Holdings) plc

Director Share Dealings

On 18 October 2016, the board of Gear4music (Holdings) plc ("Gear4music", the "Company" or the "Group") was informed that the following Directors sold shares today at 300p per share: Andrew Wass, Chief Executive Officer, sold 400,000 shares and Dean Murray, Non-Executive Director, sold 75,000 shares. The beneficial holdings of Mr Wass and Mr Murray now stand at 7,886,593 and 249,520 shares respectively, representing 39.1% and 1.2% respectively of the issued share capital of the Company.

The board was also informed that Key Capital Partners (Nominees) Limited ("KCP") has today sold 2,000,000 shares at 300p per share. KCP is classified as a Person Closely Associated with Peter Armitage, a Non-Executive Director of the Company and KCP director. KCP acts as nominee for certain funds of Key Capital Partners LLP, a partnership of which Mr Armitage is a member. KCP's interest is now in 829,482 shares, representing approximately 4.1% of the Company's issued share capital.

18 October 2016

- Ends -

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Andrew Wass - Chief Executive Officer Dean Murray - Non-Executive Director Key Capital Partners (Nominees) Limited
2	Reason for the notification
a)	Position/status	See 1(a) above for positions in respect of Andrew Wass and Dean Murray - both classified as PDMRs of the Company KCP is a classified as a PCA of Peter Armitage, a Non-Executive Director of the Company and KCP director. KCP acts as nominee for certain funds of Key Capital Partners LLP, a partnership of which Mr Armitage is a member.
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gear4music (Holdings) plc
b)	LEI	ISIN = GB00BW9PJQ87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 10p each
b)	Identification code	GB00BW9PJQ87
c)	Nature of the transactions	Sale of Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): Andrew Wass - 400,000 shares Dean Murray - 75,000 shares KCP - 2,000,000 shares Price: all transactions completed at £3.00 per share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	18 October 2016 for all transactions
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Name of authorised official of issuer responsible for making notification:

Chris Scott

Company Secretary to Gear4music (Holdings) plc

For further information please contact

Gear4music                                                                                                                                        [phone]

Andrew Wass, Chief Executive Officer

Chris Scott, Chief Financial Officer

Panmure Gordon                                                                                                                             [phone]

(Financial Adviser, Nominated Adviser and Broker)

Andrew Godber / Peter Steel - Investment Banking

Erik Anderson / Tom Salvesen - Corporate Broking

MHP Communications (Financial PR)                                                                                     [phone]

Andrew Leach

Simon Hockridge

Isabelle Grainger

 

END

 

 

DSHBUBDGBBBBGLI